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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tsakos Energy Navigation Ltd | NYSE:TNP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.335 | -1.26% | 26.185 | 26.50 | 25.91 | 26.46 | 114,793 | 17:31:23 |
“With these fixtures, TEN continues to increase its long term time charter coverage to major oil concerns and further solidify its cash flow and dividend visibility,” Mr. George Saroglou, Chief Operating Officer of TEN stated. “With 78% of the fleet in long term charters, half of which with provisions to capture market upturns, resulting to minimum secured revenues of $1.4 billion, TEN is well positioned to benefit from the expected market upturn due to the fast declining orderbook and the seasonally strong months ahead,” Mr. Saroglou concluded.
In addition, Maria Tsakos TCM Maritime Training Center received the 2017 Lloyds List Education – Training Award for an innovative curriculum and high-quality equipment for bridge-engine cargo on conventional vessels, ice-class tankers, shuttle tankers and LNG carriers.
Furthermore, Nikolas P. Tsakos, Founder and CEO of TEN and current Chairman of INTERTANKO, received the Tanker Shipping & Trade Industry Leader award for 2017 at this year’s Tanker Shipping & Trade Conference in London.
ABOUT TENTEN, founded in 1993, is one of the first and most established public shipping companies in the world today. TEN’s fleet consists of 65 double-hull vessels, constituting a mix of crude tankers, product tankers and LNG carriers, totaling 7.2 million dwt. Of these, 47 vessels trade in crude, 13 in products, three are shuttle tankers and two are LNG carriers.
COMPANY’S DELIVERED GROWTH PROGRAM
# | Vessel Name | Type | Dwt | Delivery | Status | LT Contracts |
1 | Ulysses | VLCC | 300,000 | May 2016 | Delivered | Yes |
2 | Elias Tsakos | Aframax | 112,700 | June 2016 | Delivered | Yes |
3 | Thomas Zafiras | Aframax | 112,700 | Aug 2016 | Delivered | Yes |
4 | Leontios H | Aframax | 112,700 | Oct 2016 | Delivered | Yes |
5 | Parthenon TS | Aframax | 112,700 | Nov 2016 | Delivered | Yes |
6 | Sunray | Panamax LR1 | 74,200 | Aug 2016 | Delivered | Yes |
7 | Sunrise | Panamax LR1 | 74,200 | Sep 2016 | Delivered | Yes |
8 | Maria Energy | LNG | 93,616 | Oct 2016 | Delivered | Yes |
9 | Hercules I | VLCC | 300,000 | Jan 2017 | Delivered | Yes |
10 | Marathon TS | Aframax | 112,700 | Feb 2017 | Delivered | Yes |
11 | Lisboa | DP2 Shuttle | 157,000 | Mar 2017 | Delivered | Yes |
12 | Sola TS | Aframax | 112,700 | Apr 2017 | Delivered | Yes |
13 | Oslo TS | Aframax | 112,700 | May 2017 | Delivered | Yes |
14 | Stavanger TS | Aframax | 112,700 | July 2017 | Delivered | Yes |
15 | Bergen TS | Aframax | 112,700 | Oct 2017 | Delivered | Yes |
LT: Long-Term
ABOUT FORWARD-LOOKING STATEMENTSExcept for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
For further information please contact:CompanyTsakos Energy Navigation Ltd.George SaroglouCOO+30210 94 07 710gsaroglou@tenn.gr
Investor Relations / MediaCapital Link, Inc.Nicolas BornozisPaul Lampoutis+212 661 7566ten@capitallink.com
367 Syngrou Avenue, 175 64 P. Faliro, HellasTel: 30 210 94 07 710-3Fax: 30 210 94 07 716e-mail: ten@tenn.grWebsite: http://www.tenn.gr
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